Publication
Jan 2015
This policy brief discusses issues related to the burden-sharing exercise of sovereign debt restructuring. The authors argue that the approach centered on collective action clauses (CAC) is not sufficient to solve inter-creditor and debtor-creditor equity problems. They then put forward several policy measures that enhance the equity and efficiency of sovereign debt restructuring procedures.
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English (PDF, 16 pages, 593 KB) |
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| Author | Skylar Brooks, Martin Guzman, Domenico Lombardi, Joseph E Stiglitz |
| Series | CIGI Policy Briefs |
| Issue | 53 |
| Publisher | Centre for International Governance Innovation (CIGI) |
| Copyright | © 2015 Centre for International Governance Innovation (CIGI) This work is licensed under a Creative Commons Attribution-Non-commercial — No Derivatives Licence. |